West Central Minnesota Educational Television Company

Analysis

West Central Minnesota Educational Television Company is a registered charity in United States, based in Granite Falls, MN. It received its IRS tax-exemption ruling in March 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, West Central Minnesota Educational Television Company reported income of $3.8m and spending of $3.9m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.9m to $3.8m (+31%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, West Central Minnesota Educational Television Company sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include Nishiyamato Inc ($3.8m), St John Arc ($3.8m) and Decatur Shelby County YMCA Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $103k (2.7% of expenses). Other salaries and wages came to $988k. At year end it held assets of $11.3m against liabilities of $784k, net assets of $10.5m. It reported 41 employees.